Riverview VA Loans

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A Riverview FL VA mortgage loan is a loan issued by private lenders that are backed by the VA department so that the process of getting a mortgage loan can become simpler for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Eligible for a Riverview FL VA Mortgage Loan?

There are four kinds of people who can apply for Riverview VA loans. These are:

• Veterans who have served with the United States armed forces.
• Military men and woman who are currently on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Riverview VA Mortgage Loan

Not every veteran qualifies for a VA mortgage loan. In order to be eligible, veterans require:

• Sufficient and consistent credit background.
• A stable means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the department of Veterans Affairs mortgage loan in Riverview FL is granted only when the house is for individual use of the borrower. However, the money can be used to purchase the house, build it or to make improvements in it, as per the needs of the borrower.

Obtaining a Certification of Eligibility for Riverview VA Home Loans

For the gathering of a COE, in-service members of the armed forces need to have completed specific time amounts of honorable service. On the other hand, the eligibility criteria for the spouses of vets to obtain a mortgage loan is somewhat different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets who are alive but were disabled during service.

If you think you might be eligible for a Riverview Florida VA home loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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